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The Patios at the Rail 7511 Main St 23,878 SF 80% Leased 4-Star Retail Building Frisco, TX 75034 $12,900,000 ($540.25/SF) 6.23% Cap Rate
Investment Highlights
- Diversified roster of premium tenants including destination dining, fitness, and boutique retail
- Includes a rare, two-story attached garage with 116 dedicated parking spaces
- Strategically located in one of the fastest-growing cities in the U.S.
- 100% NNN-leased trophy asset providing immediate, passive income
- Features a scenic 3rd-floor rooftop patio with panoramic views
- Positioned at the signalized intersection of Main St and S County Rd with over 150 feet of frontage
Executive Summary
The offering consists of 23,878 square feet within a three-story, multi-tenant retail property located in the heart of Frisco’s Downtown Rail District. This represents the portion of the building currently available for sale. A separate ±12,000 square foot section of the property was previously sold to the Frisco Chamber of Commerce and is not part of this offering.
The property features eight NNN-leased retail tenants, including restaurants, fitness, a hair salon, and an event space. Positioned on the hard corner of Main Street and South County Road, the asset benefits from strong visibility and accessibility. Amenities include a rooftop patio with expansive views, a two-story attached garage with 116 parking spaces, and a large passenger elevator providing access to the second-floor outdoor patio and third-floor event center.
A full offering memorandum is available in the CoStar Data Room upon registration.
The property features eight NNN-leased retail tenants, including restaurants, fitness, a hair salon, and an event space. Positioned on the hard corner of Main Street and South County Road, the asset benefits from strong visibility and accessibility. Amenities include a rooftop patio with expansive views, a two-story attached garage with 116 parking spaces, and a large passenger elevator providing access to the second-floor outdoor patio and third-floor event center.
A full offering memorandum is available in the CoStar Data Room upon registration.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
23,878 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2020
Price
$12,900,000
Price Per SF
$540.25
Cap Rate
6.23%
NOI
$803,418
Percent Leased
80%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.34
Lot Size
1.62 AC
Zoning
OTC - Allows restaurants, brewpubs, breweries, retail and office in the Arts & Entertainment District.
Parking
116 Spaces (4.86 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Corner Lot
- Courtyard
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Roof Terrace
- Air Conditioning
- Balcony
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located in the heart of Frisco's Downtown Rail District 37,000 SF, 3-story property Excellent visibility with Main Street frontage Gorgeous roof-top park 2-story parking garage with 116 parking spaces for customers Building signage available The city of Frisco has big plans for the downtown/Rail District, they are currently putting $70M into the infrastructure.
| Space | Size | Space Use | Position | Available |
| 140 | 4,672 SF | Restaurant | End Cap | Now |
140
| Size |
| 4,672 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
140
| Size | 4,672 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | Now |
Located in the heart of Frisco's Downtown Rail District 37,000 SF, 3-story property Excellent visibility with Main Street frontage Gorgeous roof-top park 2-story parking garage with 116 parking spaces for customers Building signage available The city of Frisco has big plans for the downtown/Rail District, they are currently putting $70M into the infrastructure.
Moderately walkable
60/100
Moderately drivable
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R-12139-00A-0010-1 | Improvements Assessment | $12,956,360 |
| Land Assessment | $2,096,107 | Total Assessment | $15,052,467 |
Property Taxes
Parcel Number
R-12139-00A-0010-1
Land Assessment
$2,096,107
Improvements Assessment
$12,956,360
Total Assessment
$15,052,467
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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The Patios at the Rail | 7511 Main St
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